Pacific Gas and Electric (PG&E) GRC Proceedings

Test Year 2023, A.21-06-021

A.21-06-021

PG&E filed its Test Year (TY) 2023 GRC application (A).21-06-021 on June 30, 2021 and subsequently submitted modifications on March 10, 2022 and September 6, 2022. This application has two "Tracks." In Track 1, PG&E's updated application asks the California Public Utilities Commission (CPUC or Commission) for an authorized base revenue requirement (ABRR) of $16.175 billion to become effective January 1, 2023. This represents a $3.961 billion, or 32.4 percent increase, as compared to January 1, 2022 rates. Since customer bills include costs that are not addressed in this GRC, such as electric transmission and energy procurement costs, the increase in customer bills will be lower. For example, residential customers with average gas and electricity consumption will see their monthly bill increase approximately 18 percent from $217 to $255. Additional increases for 2024, 2025 and 2026 are $1,048, $860, and $680 million respectively. In Track 2, PG&E requests an additional $241 million in revenue requirement through 2026 for accounts and programs not included in Track 1.

A proposed decision on both tracks of this application is expected in the second quarter of 2023. A fact sheet based on this updated Track 1 application, which also explains how to get more information on this case, is provided below: